are 90% lower over the past two trading sessions. this comes after first republic said customers had withdrawn $100 billion in the recent banking turmoil, which led to the collapse of silicon valley bank. let s spring to mock ingram, senior market strategist at active trade. good to have you with us. talk about what is going on, why the seller. the deposit outflow at first republic was absolutely horrifying. the difficulties in the mid size banking sector in the us at this point were documented. but the $102 billion of outflows that the bank revealed yesterday in its results were well above expectations. even though the bank has set that since then, since the end of march, the deposit situation stabilised, there is still great scepticism out there.